Playboy Enterprises currently employs approximately 211 people. Even before Hugh Hefner died Wednesday at age 91, his son Cooper was poised to take on his father's legacy. The Motley Fool owns shares of and recommends Match Group and Nike. He was the CEO of Continental Airlines from 1994 until his retirement at the end of 2004. Playboy returned to the public market through a SPAC transaction earlier this year. We just brought it to the United States. In fact, when you go back and look at the merger agreement, which was publicly filed, there are two things that he wanted when we took the company private. It's sold out before he was even able to post on his Instagram and his social media all that, and so we have many of those coming. Sciple: As always, people on the program may own companies discussed on the show, and The Motley Fool may have formal recommendations for or against the stocks discussed, so don't buy or sell anything based solely on what you hear. But more importantly, it was a business that had been licensed out. Could you please remove my posts?? The most common ethnicity among Playboy executive officers is White. Ben began his career at Cowen & Company. I have never visited your site. One of the things I wanted to talk about, we've talked a lot about private label trend of doing direct-to-consumer at this, this growth area for the business, one thing you talked about on the call is really significantly increased your long-term revenue margin rate from $300 million by 2025 to $600 million, so I'd see that obviously great to see that number increase so much. She has helped to raise $30 million for the construction of the CORE Center in Chicago, the first treatment center in the Midwest for people with AIDS. Christie graduated from New Trier High School. They've only been on the job for really three to four months now. [15], The Age reported in October 2008 that, for the first-time ever, Hugh Hefner was selling tickets to his celebrity-filled parties to offset his cash-flow problems due to setbacks Playboy Enterprises had suffered, including decreasing Playboy circulation, decreasing stock value, and ventures that have yet to turn a profit. Ben Kohn Playboy CEO Playboy CEO discusses Playboy's global business, and the company's decision to go public through a SPAC. Kohn: Look, I think NFTs are getting drilled through multiple different cycles. Mark Read WPP CEO. I feel very good about where we sit. Really excited by it, one of the top lingerie brands, in our opinion, in the world. In addition to Playboy, we own Yandy, which is an e-commerce site selling lingerie in the United States, Lovers, which is a sexual wellness chain of stores and digital footprint. Currently, she works as an Executive Chairman of Canyon Ranch Enterprises, a company that focuses on health and wellness. As Editor in Chief of the scandalous monthly publication Playboy, Hefner quickly became a millionaire. Sciple: Yeah. She moved to Wilmette, Illinois with her mother and stepfather. When you think long term about how you aggregate revenue, I think there's a way to change that business model. . [14], Hefner married former Illinois state senator William A. Marovitz, a real estate developer and attorney, in 1995. Later, she joined the National Music Camp at Interlochen during the summers from 1964 to 1969. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Claim it and get a lot of features. That's what it's been for 20+ years. Playboy Enterprises has an average consumer rating of 2 stars from 50 reviews. View Kieth Stone's email address (k*****@plbygr***.com) and phone number. I think on the call, you said historically, Playboy is the content site, now it's a shopping site. She has a brother David Hefner from her parents. Playboy Enterprises competes in a variety of industries, such as lifestyle, mass media and wellness. Kieth is based out of Fort Pierce, Florida, United States and works in the Consumer Services industry. Trying to find a new model, the magazine took an unexpected turn four years later: it announced it would stop publishing pictures of fully nude women, the Wall Street Journal wrote, though this changed was short-lived, lasting only until February this year. Today we are going to talk about American businesswoman and activist Christie Hefner. We just signed last night a deal to relicense our U.S. iGaming rights. Honey Birdette is almost 100% female. He was 91. Kohn: Look, it's putting the pieces together that allow us to accelerate growth. [24] In February 2021, PLBY announced the acquisition of the sexual wellness retailer Lovers for $25m in cash. But William was sued by the US Securities and Exchange Commission for using inside information to trade illegally in shares of Playboy. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. I would love one day to be included in the same sentence, but that's a pretty high aspiration. id: "beb5f82f-dce3-49e6-a836-cf24eb78a6f6", Playboy's famous bunny logo is being printed on lingerie, games and grooming products and is said to have $3bn in consumer spending across 180 countries, according to the BBC. Kohn: Well, I think so highly of Nike. Then Yandy and Lovers tend to be more mass-market overall. Ben Kohn: Thanks for having me. Just high level for folks who've never heard of your company, what is PLBY Group? Style & Apparel, comprising licensed fashion sales globally, especially in China, where it is the leading men's' fashion brand with over 3500 stores. . This is a brand that has historically had a really vast community. When Hugh Hefner died in the Playboy Mansion Wednesday, the legendary . The whiskey is a 17-year-old VB Bourbon finished in used XXO French Cognac Casks. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. [33] The company has attempted to open a club in Shanghai, once in 2004,[34] and again in 2017. Kohn: I wouldn't say that we're going opposite. There's a Playboy Kids product line in the works (in China). Ben Kohn, CEO, Playboy Rachel Webber, Chief Brand& Strategy Officer, Playboy Dr. As previously announced, upon closing of the business combination, Mountain Crest will be renamed" PLBY Group . What we announced in the first quarter of this year was that 55% of our customers were women, which is great. Very different brand in China than it is in the U.S, a different business model as well when you look at licensing. You can compete on at least one of those fronts. Very different than when we took over. When I think about an ecosystem that couples both virtual goods with physical goods, I get really excited because that allows us, long term, to not only drive the current revenue but superior margins as well. Binance CEO responds to Forbes . Kohn: You look out five years, I think it's just continued to execute on what we've outlined already. Kohn: Yeah, PLBY Group is a holding company. Playboy Enterprises is suing Canadian company Global Blockchain Technologies, claiming that it failed to integrate the Vice Industry Token on Playboy's sites. Rachel Webber oversees the global consumer experience for the Playboy brand and is responsible for driving PLBY Groups growth strategies through acquisition, incubation, and investment. While its historic past is quite impressive, Scott Flanders, Chief Executive Officer of Playboy Enterprises Inc., would like you to think of brand management. Sciple: Get that dollar share in the market to match the mind share among consumers. Moving forward, leveraging the Honey Birdette skill design team and sourcing Titan team. They divorced in 2013 and have no children. Flanders, who became CEO in 2009, is in charge of business operations and the tactical direction of the global brand. One of our licensing partners thought there was a huge opportunity for Playboy Kids. Divisional Executive Vice President of Finance, Managing Director - Playboy Television International, Franchise Strategy Vice President, Global Brand. Playboy Enterprises, Inc. (PEI) (NYSE: PLA, PLA.A) is a media and lifestyle company that markets the brand through a wide range of media properties and licensing initiatives. The Chief Executive Officer and Chairman of playboy Enterprises, Christie Hefner has gathered $30 million net worth and calls herself the richest businesswoman. The E&E team is unbelievable at design and sourcing. The couple had two children: Christy, who was named President and Chief Executive of her fathers company between 1982 and 2009, and David. Sciple: Yeah, so I want to talk about some of the new product offerings. PLBY Group, Inc. is an American global media and lifestyle company founded by Hugh Hefner as Playboy Enterprises, Inc. to oversee the Playboy magazine and related assets. Company profile page for Playboy Enterprises Inc including stock price, company news, press releases, executives, board members, and contact information. He attended Northwestern University - Kellogg School of Management. [32] This had grown to 3100 by 2015. I think it really speaks to what's happening in society overall. After taking ownership, Mr Metropoulos said: "Im extremely passionate about its architecture and look forward to this momentous opportunity to transform one of the finest estates in the country. When you look at the business today, it's a very different business than when I took over back in '17. Feb. 09, 2021 7:01 PM ET PLBY Group, Inc. (PLBY) . On the product side, yes, but this brand is so unique, and this is why I think this brand is really priceless and worth multiples of our market cap today. Save my name, email, and website in this browser for the next time I comment. Ben, I mentioned off the top, Playboy returning public through this transaction earlier this year, now you have this big portfolio of brands. Stay tuned for more details. Sciple: You talked about that hoodie, that thing that popped up on TikTok. We just have a lot more arrows in our quiver moving forward as we made that transition from a licensing business to that which had been owned and operated. Cost basis and return based on previous market day close. Christie is also famous as the daughter of Playboy founder Hugh Hefner. Her father, Hugh was an American magazine publisher, editor-in-chief of Playboy magazine. That $3 billion of consumer spend, the challenge with licensing is you're getting pennies on the dollar for that, $0.02, $0.03 on the dollar for that. Ben, thanks for joining me today. This page was last edited on 25 February 2023, at 01:36. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" But I think there's ways to accelerate that. From the first issue featuring Marilyn Monroe in December 1953, Playboy expanded into a. We've made this transition of our audience to that of coming to us for content to now that of coming to us for product. You have to think about it as the intersection of content and community, and so you look at what Topshop has done, it's really really interesting. Playboy Enterprises Blogs, Comments and Archive News on Economictimes.com English . You talked about this transition the company has gone through. In 1988, Hefner named his oldest daughter, Christie Hefner, as CEO and chairperson of Playboy Enterprises, Inc. She served as CEO and chairperson from 1988 until 2008," according to. The employee data is based on information from people who have self-reported their past or current employments at Playboy. Honey Birdette is a luxury brand, it's a very high price point lingerie business that is obviously experiencing phenomenal growth and I think will be a billion-dollar business for us. Christie Hefner was born as Christie Ann Hefner on November 8, 1952, in Chicago, Illinois, the United States of America. Later, when her mother remarried, Christie and her brother David moved to Wilmette, Illinois. In 1988, Christie became the chairman of the board and CEO. It's people that are going out and buying the product and wanting to wear the products. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. BY Jen Wieczner. exitPopMobile: true, Kohn: The guidance we gave, $300 million and $600 million after being public for six months, really speaks to the stuff that we have in our pipeline today, in the pieces that we've assembled with the acquisitions that we've made, so we'll be launching, and we talked about this yesterday on our earnings call, Playboy or Playmate Lingerie. Since then, Hefner's family sold its 35 per cent stake to a tech-focused investment company in 2018. He knows all that is true. All around the house the grounds have been ripped up and earth movers can be seen working to clear the site. I think there's a way to actually aggregate that e-commerce revenue long term.